Atlantic Union Bankshares Corp Purchases Shares of 2,040 Stanley Black & Decker, Inc. $SWK

Atlantic Union Bankshares Corp acquired a new position in Stanley Black & Decker, Inc. (NYSE:SWK) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 2,040 shares of the industrial products company’s stock, valued at approximately $138,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Crestwood Advisors Group LLC raised its position in Stanley Black & Decker by 5.4% during the 2nd quarter. Crestwood Advisors Group LLC now owns 6,946 shares of the industrial products company’s stock worth $471,000 after buying an additional 357 shares during the last quarter. NewSquare Capital LLC increased its stake in shares of Stanley Black & Decker by 4.7% in the second quarter. NewSquare Capital LLC now owns 88,654 shares of the industrial products company’s stock worth $5,913,000 after acquiring an additional 3,962 shares during the period. Huntington National Bank lifted its position in Stanley Black & Decker by 28.3% during the second quarter. Huntington National Bank now owns 2,976 shares of the industrial products company’s stock valued at $202,000 after purchasing an additional 657 shares during the period. Sigma Planning Corp boosted its holdings in Stanley Black & Decker by 19.9% in the second quarter. Sigma Planning Corp now owns 7,682 shares of the industrial products company’s stock valued at $520,000 after purchasing an additional 1,277 shares during the last quarter. Finally, South Dakota Investment Council grew its position in Stanley Black & Decker by 2.0% during the 2nd quarter. South Dakota Investment Council now owns 141,049 shares of the industrial products company’s stock worth $9,556,000 after purchasing an additional 2,700 shares during the period. Institutional investors and hedge funds own 87.77% of the company’s stock.

Stanley Black & Decker Stock Performance

SWK opened at $68.21 on Monday. The firm’s fifty day simple moving average is $72.47 and its two-hundred day simple moving average is $69.98. Stanley Black & Decker, Inc. has a 52-week low of $53.91 and a 52-week high of $93.63. The company has a market cap of $10.56 billion, a price-to-earnings ratio of 21.65, a PEG ratio of 1.46 and a beta of 1.21. The company has a quick ratio of 0.34, a current ratio of 1.04 and a debt-to-equity ratio of 0.52.

Stanley Black & Decker (NYSE:SWK) last released its quarterly earnings results on Thursday, June 30th. The industrial products company reported $2.85 earnings per share for the quarter. The firm had revenue of $3.72 billion during the quarter. Stanley Black & Decker had a net margin of 3.15% and a return on equity of 7.76%. Equities analysts anticipate that Stanley Black & Decker, Inc. will post 5.16 earnings per share for the current fiscal year.

Stanley Black & Decker Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 16th. Stockholders of record on Monday, December 1st will be given a $0.83 dividend. This represents a $3.32 annualized dividend and a dividend yield of 4.9%. The ex-dividend date is Monday, December 1st. Stanley Black & Decker’s dividend payout ratio (DPR) is 114.88%.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. Wall Street Zen cut Stanley Black & Decker from a “buy” rating to a “hold” rating in a report on Sunday, October 19th. UBS Group boosted their price target on Stanley Black & Decker from $100.00 to $105.00 and gave the company a “buy” rating in a report on Thursday. Jefferies Financial Group set a $86.00 price objective on shares of Stanley Black & Decker and gave the stock a “buy” rating in a research note on Monday, August 18th. Morgan Stanley reiterated a “positive” rating and issued a $80.00 target price on shares of Stanley Black & Decker in a research note on Tuesday, October 14th. Finally, Robert W. Baird raised their price target on shares of Stanley Black & Decker from $65.00 to $78.00 and gave the company a “neutral” rating in a research report on Tuesday, July 22nd. Six investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Stanley Black & Decker has a consensus rating of “Hold” and a consensus price target of $88.10.

About Stanley Black & Decker

Stanley Black & Decker, Inc engages in the provision of power and hand tools, and related accessories, products, services and equipment for oil and gas, infrastructure applications, commercial electronic security and monitoring systems, healthcare solutions, and mechanical access solutions. It operates through the Tools and Outdoor and Industrial segments.